It is possible that Nelnet owns your student loan, although we also act as a student loan servicer (provide customer service for loans on behalf of many other lenders).Get the details on all of your student loans (ones with Nelnet and with other customer service providers) online through the Department of Education's National Student Loan Data System (NSLDS) at gov.The name of this expiration date is a statute of limitations.The statute of limitations dictates a time frame in which a creditor can sue you for the repayment of unpaid debt.If it is not preceded by DL, the loan is part of the Federal Family Education Loan Program (FFELP).Generally, loans made under both programs have the same terms and conditions.You will need a PIN to access the site; you can get a copy of your PIN or request a new PIN at gov.Log in to your account, click on the View Loan Benefits link in the Account Snapshot.
If you are eligible for PSLF (meaning you are employed by a non-profit throughout and after your training) you’ll want to take advantage of that with as much of your debt as possible.
My financial situation is stressful and I just don't know what to do.
We can appreciate that dealing with financial hardship can be very difficult. Record your monthly budget and then give us a call at 800-222-5522 to see how we may be able to help you.
A refinance is a new loan which pays off your account and would not be handled by a workout specialist.
I have lost my job or my hours have been reduced, what should I do? I have fallen behind on payments, but can now afford them. We have the ability to offer solutions that may extend, defer, modify or adjust payments that are due to the bank. A foreclosure is the legal proceedings initiated by a lender to seize the collateral for a loan that is in default. Repossession is the taking back of collateral by a lender from the borrower(s), usually due to default or failure to meet other terms in the contract.